Thread: Anschutz Considering Selling AEG?!?

Originally Posted by eskymi

At first I was like, "what?" then I thought, "eh." I mean it's not like the Kings will pack up and move suddenly. I can't imagine the NHL would allow that...and as for the other stuff, I still like the Lakers and Galaxy regardless of who owns them. In a sense, I was kind of nervous and worried, till I realized that it really doesn't affect me.

Well that would be stupid for the new owners to move the Kings because they are generating a lot of revenue:

When the last lockout began in 2004, the Canadian dollar was worth about 77 cents U.S. and had hovered in the low 60s just a year earlier.

By 2007, however, a little more than two years into the new collective agreement, the Loonie had soared past parity, where it remains to this very day.

The impact of six strong Canadian franchises all taking in dollars for par has had a dramatic impact on league revenues in the post-lockout era. Replacing the low-revenue Atlanta Thrashers last season with the re-born Winnipeg Jets only added to this dynamic.

Over the same period, the NHL has improved its lot in many of its key American markets such as Los Angeles, Boston, Chicago, Pittsburgh and Washington with revenue growth in those cities outpacing that in the NHL's weaker American markets.

Naylor: Key to ending lockout is helping small market teams

There is no concern whatsoever that a new owner would move the Kings.

The concern is that they'd bring in their own people at the top (perhaps remove TL), who would in turn may want to bring in their own people (get rid of Lombardi) OR allot a different (lesser) amount of money towards the Kings.

Originally Posted by jammer06

Has anyone published a list of what exactly is held by AEG? I thought it was a pretty significant list including their service contracts on real estate.

I spent a little while trying to track it all down, this may be a weekend project, but from what I am seeing, $10b-$15b would not shock me.

The name that's been floating around as a potential buyer is Patrick Soon-Shiong, the richest man in Los Angeles. He was one of the finalists to buy the Dodgers. He also has a minority share in the Lakers. Philip Anschutz at 70 years old has stated in the past that he has no desire to purchase an NFL team. Maybe why he's selling LA Live? NFL is coming to Los Angeles. The San Diego Chargers contract with San Diego expires in a few months and Tim Lieweke has been in contact with the Spanos family (Owner of the SD Chargers). Maybe the Chargers are coming BACK to Los Angeles. The original Los Angeles Team.

Originally Posted by waterboy100

I said closer to 30 than 3. That could be 17. Also, what Phil is worth and what age is worth are 2 desperate things. Is AEG wholly owned by Phil?

I love auto-correct on phones.

Originally Posted by Birdman

AEG will sell for what the market will bear, and its likely going to push Uncle Phil north of a net worth of $20B.

This is what he does. He acquires and builds up a property and then sells it. With the Kings now Stanley Cup Champions, there is no better time for him to sell the whole enchilada.

What would suck is that an owner comes in and breaks it apart and divests out of the sports businesses, and we wind up with the new Frank McCourt owning the team and being a total cheap ass.

What a difference a Cup makes...already lamenting the departure of the former Cheap Uncle Phil.

Originally Posted by USCKingsFan31

There is no concern whatsoever that a new owner would move the Kings.

The concern is that they'd bring in their own people at the top (perhaps remove TL), who would in turn may want to bring in their own people (get rid of Lombardi) OR allot a different (lesser) amount of money towards the Kings.

I don't think he would get rid of him unless results weren't there. Only way any management of the Kings likely would be removed is if the owners actually loved hockey and knew about the sport. But even then, why would they bring in their guys when in all likely hood they don't really have any NHL type management. Money to the Kings though would be a huge concern for sure. Definitely agree with that.

I hope though there is something in the contract that won't allow them to move the Kings unless it is within the same area of a certain amount of miles.

Originally Posted by jt

I love auto-correct on phones

Wow. I didn't even catch those.

Sent from my LTE-less HTC EVO LTE

Originally Posted by EB924

While i think Anschutz has been a fine owner for the Kings it would be nice to have an owner who showed up to games a little more often and actively rooted for the team.

Because that was the key to winning THE CUP....

Originally Posted by ilovela

I am repeating myself, But I will start some evil things, if the new owners of AEG sell the team and then the team moves.... I know it wont happen, but I have that in the pit of my stomach

Rest easy. Very, very, very unlikely that the league would approve.